Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: Finance

TARGET INCOME

Amount of revenue that a company wants to generate in the current accounting period.

TARIFF ANOMALY

Situation where import duties on raw materials, components or partly completed goods are greater than on the finished goods. See tariff escalation.

SPENDTHRIFT CLAUSE

Clause stopping the beneficiary’s creditor’s ability to collect benefits before they are received by the beneficiary.

SPLIT-OFF

When part of a firm is sold off, stock converts to shares in the new company.

SPREADSHEET

1. Accounting. Worksheet set out in columns and rows.2. Computing. Software allowing data to be entered in columns and rows to ease mathematical use of formulas and to present and graphs and

STALE CHECK

One presented a long time, 6 months or more after the date of issue. Also known as a stale dated check.

STANDBY

1. Held as a reserve, substitute or spare to use when needed. 2. Passenger ticket with no reservation but takes the next available seat.

STATE

1. Law. With a capital ‘S’. The prosecuting body of persons accused of wrong doing in that state. 2. Politics. With a lower case’s’. The area geographically within defined territorial boundaries with

STATUS REPORT

A report that summarizes a situation over a set period of time.

STAY ORDER

A court order suspending a judicial proceeding either in full or in part.

STOWPLAN

The plan diagram showing where cargo is located on a vessel. Also known as the stowage plan.

STRATEGIC ANALYSIS

Process for developing a strategy by research into the business and its environment.

STRENGTH

1. Ability to resist force or pressure. 2. Knowledge, skill, capital or an advantage over competition. See SWOT analysis.

STRUCTURAL VARIATION

An economy or organization wide recurring change created by factors like seasonal patterns and long term trends.

SUBCONTRACTOR

Secondary or junior contractor working with the main contractor.

SUBORDINATE

An employee who is ranked below another employee in the office seniority or hierarchy.

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